Fairway America consults on DLP Management Group’s new fund, DLP Lending Fund, and makes seven figure investment
PORTLAND, OR (PRWEB) NOVEMBER 04, 2014 - Fairway America, LLC (“Fairway”), a Portland Oregon based small balance real estate fund advisory and investment firm, played the lead role in advising and guiding the architecture, creation and launch of the DLP Lending Fund (the “Fund”) in Bethlehem Pennsylvania. In addition, Fairway America’s proprietary fund, Fairway America Fund VII LP (“Fund VII”) took a minority stake in the fund’s manager, DLP Capital Management Group and has committed $1,500,000 in investment capital to purchase units in the Fund. To date, Fund VII has deployed $1,000,000 of the $1.5M commitment.
DLP Capital and the Fund are led by Don Wenner, owner of the DLP group of companies, a vertically integrated real estate services platform that leverages their local knowledge and relationships to provide solutions for passive capital investors, active real estate investors, and both buyers and sellers of residential and small commercial properties in the Lehigh Valley and surrounding areas in Pennsylvania and New Jersey. DLP Realty, the real estate brokerage arm of this group of companies, is ranked the #1 real estate team in Pennsylvania in both 2013 and 2014 according to Real Trends and #15 in the United States according to the Wall St. Journal. “We are very excited to partner with Fairway and combine our local knowledge and expertise with their national fund advisory and capital platform,” said Wenner. “We think this will make for an extraordinary opportunity for our borrowers, investors, DLP and Fairway.”
Wenner engaged Fairway to help him structure the Fund after he met with Fairway’s CEO Matt Burk at an industry conference in June in New York. After working closely with Wenner during the consultative engagement, Burk was impressed with Wenner’s capabilities and vision. “I could see that Don knew what he was doing and was committed to his business, his customers and his investors,” said Burk. “These are the type of managers with whom we want to participate and help them reach their goals.”
The Fund, DLP’s third pooled investment fund, was created to help fuel the growth of the DLP group of companies as well as to provide an attractive yield to DLP’s investors. Over the past few years, Wenner has worked with and spoken to many investors across a spectrum of backgrounds and investment sizes. “Two things became clear to me during all of these conversations,” said Wenner. “One is that investors are looking for attractive yields without excessive risk and the other is that they want reasonable liquidity. I wanted to design the Fund to provide attractive yields, strong security, reinvestment options, and reasonable liquidity, even considering its real estate based nature, all in one vehicle, and with Fairway’s assistance, I believe we have achieved that balance.”
Fairway recently launched its proprietary Fund VII back in August with an investment mandate to provide capital to other small balance real estate (“SBRE”) asset based funds around the United States, such as the DLP Lending Fund. In just over 60 days, Fund VII has raised in excess of $5,000,000 and made investments in seven SBRE funds around the country and has more than a dozen SBRE funds currently in the due diligence process. Many, but not all, of the potential investments are in funds that Fairway has been involved with from inception and on which it is also performing ongoing back-end fund administration. “We like to invest with people and fund structures we know very well and where we have ongoing visibility into the fund’s operations, as we do with DLP,” said Burk. “We believe this helps everyone with an added layer of oversight and transparency and makes our investors, as well as those in the funds in which we invest, much more comfortable.”
For more information the DLP Lending Fund please visit http://dlpcapitaladvisors.com/.
Fairway America is the widely recognized market leader in the field of Small Balance Real Estate (SBRE), providing a comprehensive range of products and services to SBRE fund managers, syndicators, private lenders and other dealmakers including fund creation and advisory, fund administration, capital raise strategy, an online marketplace and more. Fairway also manages two proprietary 506 Reg. D funds that invest in a wide variety of SBRE deals including other SBRE funds, real estate secured loans, direct equity in real estate, participations and syndications, and other real estate asset based strategies. Fairway’s highly unique business model has rapidly made it the No. 1 resource in the world to help SBRE entrepreneurs nationwide improve, capitalize and grow their businesses in ways no other single resource does.
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